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SEMINAR 6. februar 2012 ved Mario Samano, University of Arizona

Intermittency and the Value of Renewable Energy
Abstract
This paper develops an empirical approach to estimate the equilibrium value of in-
termittent renewable energy. We model an electricity system operator who optimizes
the amount of generation capacity, operating reserves, and demand curtailment poten-
tially in the presence of large-scale solar facilities. We use generator characteristics,
solar output, demand and weather forecast data to estimate parameters for southeast-
ern Arizona. The deadweight loss of a 20% solar mandate is 79% of its $184/MWh
average cost. Unforecastable intermittency accounts for $12.5/MWh. At a $21/ton
social cost of CO2 this mandate is welfare neutral if solar capacity costs decrease from
$5/W to $1.38/W.
 
 

Tid: 06.02 13.00 -14.00


Sted: Økonomisk Institut
Porcelænshaven 16A


Lokale: 2.80



JMP Mario Samano_renewable_intermittency.pdf



Sidst opdateret af Grethe Mark 01.02.2012